Company:Medassets

From HandWiki
Jump to: navigation, search
MedAssets, Inc
Public
IndustryHealth Care Technology
FateIn the year 2016 was acquired by Pamplona Capital Management later merged with Equation now known as nThrive [1]
Founded1999
Headquarters
Alpharetta, Georgia
Key people
John Bardis (CEO)
ProductsRevenue Cycle Management
Accountable Care Management
Spend and Clinical Resource Management
Advisory Solutions
Payor Solutions
RevenueIncrease US$680.4 Million (FY 2013)[2]
Increase US$90.743 Million (FY 2013)[2]
Increase US$27.441 Million (FY 2013)[2]
Total assetsDecrease United States dollar 1.613 Billion (FY 2013)[2]
Total equityIncrease United States dollar 489.789 Million (FY 2013)[2]
Number of employees
3,400
WebsiteMedAssets

MedAssets, Inc. was an American healthcare performance improvement company. It provided products and services to 4,400 hospitals and 122,000 non-acute healthcare providers.[3]

The Alpharetta, Georgia based company had 15 offices across the United States. States with a MedAssets location included California , Colorado, Georgia, New Jersey, Texas , and Washington.[4]

In early 2016, MedAssets was split into two companies and was sold out. The company no longer exists in its original form, although some of its products exist under other brand names under various companies including nThrive.

History

John Bardis founded MedAssets in June, 1999.[5] The company began as a group purchasing organization (GPO) which offered its customers medical supply discounts. By August 2014, MedAssets had become the largest GPO in the United States.[6] The company became publicly traded in 2007.[7] MedAssets expanded its services over time and offerings included cost and clinical resource management, purchasing and revenue cycle solutions, change management consulting, and data-driven analytic software.[8]

Acquisitions

  • In 1999, MedAssets acquired the GPO InSource Health Services of Los Angeles, California (see 2001 acquisition note for reference)[citation needed]
  • In 2007, MedAssets acquired Xactimed[9]
  • In 2008, MedAssets acquired Accuro Healthcare Solutions[10]
  • In 2010, MedAssets acquired rival Broadlane[10]
  • In 2014, MedAssets acquired Sg2[11]

References